Hello everyone! Today's topic in the crypto circle challenge is 'Bitcoin Halving'. Bitcoin halving is a core mechanism in Bitcoin's design that occurs approximately every four years. This event affects not only the supply of Bitcoin but also has significant impacts on price, mining rewards, and more. Let's take a look at what Bitcoin halving is and how it affects the crypto market!

What is Bitcoin halving?
Bitcoin halving refers to the reduction of the block reward that miners receive after every 210,000 blocks (approximately every four years). When Bitcoin was originally designed, miners would receive 50 Bitcoins as a reward for mining a block, and this reward is halved every four years. With each halving, the rate of Bitcoin supply gradually decreases, with the total supply expected to never exceed 21 million coins.